bank of england

What Does The Bank Of England's Latest Announcement Tell Us About The Economy?

The Bank has just raised interest rates again by 0.5%, to a total of 4% – but the recession will be milder than expected.
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UK Is In 'Most Difficult' Position Of All Major World Economies, Mark Carney Says

The problems have been "amplified" by Brexit, the former Bank of England governor said.
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Has Inflation 'Turned A Corner'? Here's Why There's Economic Optimism At Last

Bank of England governor Andrew Bailey has offered hope for the cost of living crisis despite hiking interest rates again.
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Interest Rates Just Went Up. Here's What This Means For You

Mortgage-owners and savers are set to be affected.
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Brexit Is Hurting The UK Economy, Bank Of England Official Says

Meanwhile, the central bank's governor, Andrew Bailey, warned the UK's post-Covid recovery is "dramatically" slower than the eurozone and US.
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UK Economy ‘Permanently Damaged’ By Brexit, Says Ex-Bank of England Official

Senior economist Michael Saunders thinks country "wouldn’t be talking about an austerity budget" if it had stayed in the EU.
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Jeremy Hunt Warns Of 'Tough Road Ahead' As UK Moves Towards Recession

The chancellor warned of "extremely difficult decisions" to restore confidence and economic stability.
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3 Triggers Which Have Got People Talking About Brexit Again

And it's not just because a recession is near.
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Andrew Bailey Admits UK Was Hours Away From Total Financial Meltdown After Mini-Budget

"We had to step in quickly and we had to step in quite decisively," the governor of the Bank of England said.
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Interest Rates Have Gone Up – And These Graphs Show Just How Bad That Is

The Bank of England's latest statement is a big deal.
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